LOW Options History — December 2021

In December 2021, LOW traded between $245.03 and $261.20. ATM implied volatility averaged 25.0%, placing in the 32.9% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 3.7% (HV 20d: 21.3%). Max pain ranged from $200.00 to $240.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 1.31.

Notable Days

  • 2021-12-15: Highest Volume — 41,515 contracts
  • 2021-12-21: Largest IV drop — 10.3% change
  • 2021-12-03: Highest IV Rank — 62.1%
  • 2021-12-03: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$253.42$245.03$261.20$247.98$259.66
Max Pain$206.82$200.00$240.00$240.00$210.00
ATM IV25.0%20.4%31.1%28.3%20.4%
Expected Move7.2%5.7%9.8%8.7%5.7%
HV 20d21.3%19.6%23.4%20.4%21.3%
HV 60d18.4%17.4%19.6%17.4%18.5%
IV Rank32.9%11.1%62.1%48.5%11.1%
IV Percentile44.1%10.7%88.1%71.8%10.7%
Term Structure0.2%-1.1%1.0%0.0%0.9%
VWIV26.0%20.4%34.8%32.5%20.4%
Skew 25d3.5%2.2%5.0%4.2%3.1%
Skew 10d7.4%2.8%11.0%9.2%5.0%
Call IV 25d24.3%19.8%30.4%27.9%19.8%
Put IV 25d27.8%22.8%35.4%32.0%23.0%
Bid-Ask Spread %34.7915.9761.5849.8161.58
Gamma HHI0.120.080.280.080.28
Net GEX24.0M4.8M47.8M14.6M40.2M
Net DEX-1.25B-1.73B-887.1M-1.09B-1.40B
Net VEX-5.1M-5.8M-4.7M-5.7M-4.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.310.702.451.151.02
Total Volume21,805.514,94041,51523,56518,041
Total OI221,330.273197,476246,912224,801212,917

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$247.98$240.0028.3%8.7%20.4%48.5%32.5%4.2%0.0%14.6M-1.09B-5.7M1.1549.81N/AN/A10,97212,59397,325127,476
2021-12-02$250.75$240.0028.7%8.6%20.6%50.5%32.1%4.0%-0.3%19.0M-1.23B-5.6M1.3440.03N/AN/A8,32711,13598,937127,800
2021-12-03$247.68$240.0031.1%9.8%21.0%62.1%34.8%5.0%-0.3%20.0M-1.07B-5.8M2.4540.56N/AN/A7,87319,260100,483128,264
2021-12-06$251.40$200.0029.3%8.4%21.3%53.2%30.2%4.6%0.4%26.0M-1.24B-5.5M1.6551.62N/AN/A6,37110,51996,911125,646
2021-12-07$256.38$200.0026.6%7.6%21.8%40.5%28.7%3.3%0.3%33.3M-1.48B-5.2M0.7435.51N/AN/A14,94211,04098,292126,850
2021-12-08$256.87$200.0025.8%7.4%21.6%36.8%27.8%3.5%0.4%39.2M-1.49B-5.1M1.3742.87N/AN/A6,7889,31399,142128,246
2021-12-09$258.76$200.0025.6%7.3%21.1%35.5%27.6%2.8%0.3%41.8M-1.58B-5.0M1.6125.36N/AN/A8,24613,246100,707128,624
2021-12-10$261.20$200.0024.5%7.0%21.1%30.7%26.4%2.9%0.3%28.4M-1.73B-4.8M1.1823.86N/AN/A9,57711,337102,048132,072
2021-12-13$257.90$200.0025.1%7.2%21.8%33.5%26.2%2.8%0.0%25.5M-1.47B-4.9M0.8132.17N/AN/A13,17610,72397,929127,866
2021-12-14$252.40$200.0027.0%7.6%23.4%42.6%27.5%3.8%-0.6%21.7M-1.22B-5.2M0.7730.63N/AN/A22,35417,164103,591130,761
2021-12-15$257.30$200.0025.6%7.0%19.6%35.7%24.7%3.6%-1.1%47.8M-1.53B-5.1M0.7050.48N/AN/A24,42617,089108,119133,070
2021-12-16$254.03$200.0025.2%7.4%20.2%34.0%25.6%3.2%1.0%37.2M-1.35B-5.2M1.3117.51N/AN/A9,02911,841111,038135,510
2021-12-17$248.35$200.0025.7%7.3%21.9%36.0%26.0%3.4%-0.3%8.8M-931.0M-5.4M0.9119.19N/AN/A13,73112,480111,063135,849
2021-12-20$245.03$200.0027.1%7.7%22.3%42.8%27.8%4.5%0.4%6.7M-887.1M-5.3M1.3328.49N/AN/A8,35611,10986,241111,235
2021-12-21$246.44$200.0024.3%6.9%21.3%29.5%25.3%3.7%0.5%4.8M-891.7M-5.2M1.7117.15N/AN/A5,86710,03887,086115,615
2021-12-22$249.91$200.0022.5%6.5%21.8%21.1%22.7%3.4%0.5%9.6M-992.6M-5.3M1.3926.14N/AN/A7,50410,43488,230117,266
2021-12-23$250.61$200.0021.7%6.2%21.8%17.3%21.6%3.1%0.3%12.5M-1.05B-5.0M1.3645.81N/AN/A6,9189,43389,593118,918
2021-12-27$253.41$200.0022.1%6.3%21.3%19.2%22.0%3.1%0.4%15.5M-1.13B-4.9M1.8725.17N/AN/A6,46412,07487,528116,202
2021-12-28$254.36$200.0021.8%6.1%21.3%17.5%21.3%3.2%0.6%20.2M-1.18B-4.8M1.8432.69N/AN/A5,2569,68488,779117,031
2021-12-29$258.02$210.0020.7%5.9%21.3%12.4%21.0%2.7%0.7%26.5M-1.29B-4.9M1.0852.84N/AN/A8,7989,47889,421118,323
2021-12-30$256.80$210.0021.1%5.7%21.3%14.1%20.5%2.2%0.7%28.8M-1.29B-4.8M1.2315.97N/AN/A7,4879,22892,166119,096
2021-12-31$259.66$210.0020.4%5.7%21.3%11.1%20.4%3.1%0.9%40.2M-1.40B-4.7M1.0261.58N/AN/A8,9219,12093,536119,381